XAUUSD (Gold) - Approaching Key Resistance @ $1700
📢XAUUSD 4H - Technical Breakdown
📈Price action nears key resistance at $1700. This is the current range high despite the extremely volatile swings that have seen Gold ranging 2000+ pips in a single week.
📊How Gold reacts to this key resistance area today and over the coming days will largely dictate the direction for the next 7-12 days and give us more insight into whether we should be scoping out buy or sell positions. Keep an eye out on my TradingView for Gold trades as and when we have more confirmation.
📈Price action nears key resistance at $1700. This is the current range high despite the extremely volatile swings that have seen Gold ranging 2000+ pips in a single week.
📊How Gold reacts to this key resistance area today and over the coming days will largely dictate the direction for the next 7-12 days and give us more insight into whether we should be scoping out buy or sell positions. Keep an eye out on my TradingView for Gold trades as and when we have more confirmation.